Pernod Ricard: Completion of the Sale of the Glenallachie Distillery
to Billy Walker, Graham Stevenson and Trisha Savage

In line with the previous press release of July 12, 2017, Pernod Ricard
and Chivas Brothers Limited announce today the completion of the sale of
the Glenallachie Distillery to Billy Walker, Graham Stevenson and Trisha
Savage, comprising The GlenAllachie Consortium.

About The GlenAllachie ConsortiumBilly Walker is one of
the most recognisable characters in the Scotch whisky industry, having
now been involved in the industry for over 40 years. With a degree in
chemistry Billy has been involved in most aspects of the production of
Scotch whisky, having spent time at Ballantines, Inver House Distillers
and Burn Stewart. More recently he was instrumental in establishing and
building the BenRiach Distillery Company prior to its sale in 2016.Graham
Stevenson is a Chartered Accountant who has spent almost 30 years in the
Scotch whisky industry. He initially joined the North British Distillery
Company in Edinburgh before moving to Inver House Distillers in 1994. He
has remained there for the past 23 years, most of that time as managing
director.Trisha Savage has over 30 years’ experience in the
Scotch whisky industry. Starting at Burn Stewart she has worked closely
with Billy throughout her career and was also instrumental in
establishing and building the BenRiach Distillery Company.The
mission is to be a wholly Scottish owned, Scottish based, and truly
independent Scotch whisky company producing premium whiskies.

About Pernod RicardPernod Ricard is the world’s n°2 in
wines and spirits with consolidated Sales of € 9,010 million in 2016/17.
Created in 1975 by the merger of Ricard and Pernod, the Group has
undergone sustained development, based on both organic growth and
acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008).
Pernod Ricard holds one of the most prestigious brand portfolios in the
sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal
Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell
cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and
Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo
Viejo and Kenwood wines. Pernod Ricard employs a workforce of
approximately 18,500 people and operates through a decentralised
organisation, with 6 “Brand Companies” and 86 “Market Companies”
established in each key market. Pernod Ricard is strongly committed to a
sustainable development policy and encourages responsible consumption.
Pernod Ricard’s strategy and ambition are based on 3 key values that
guide its expansion: entrepreneurial spirit, mutual trust and a strong
sense of ethics. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN
code: FR0000120693) and is part of the CAC 40 index.